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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net earnings $ 19,768 $ 18,783
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 12,549 10,836
Stock compensation expense 2,181 1,631
Deferred income taxes 135 35
Provision for doubtful accounts 522 88
Foreign currency transaction (gain)/loss (23) 50
Asset impairment charge 0 114
Gain on disposal of assets 0 (2,719)
Changes in assets and liabilities    
Accounts receivable (13,516) (912)
Inventories 528 (139)
Prepaid expenses and other current assets (349) 972
Accounts payable and accrued expenses (3,098) (12,389)
Income taxes 4,523 6,575
Other (655) (442)
Net cash provided by operating activities 22,565 22,483
Cash flows from investing activities:    
Capital expenditures and intangible assets acquired (5,394) (8,507)
Proceeds from insurance 0 2,727
Net cash used in investing activities (5,394) (5,780)
Cash flows from financing activities:    
Proceeds from revolving loan 10,000 0
Principal payments on revolving loan (5,000) (16,000)
Proceeds from stock options exercised 4,435 288
Dividends paid (16,704) (15,135)
Purchase of treasury stock (891) (727)
Net cash used in financing activities (8,160) (31,574)
Effect of exchange rate changes on cash (724) (393)
Increase (decrease) in cash and cash equivalents 8,287 (15,264)
Cash and cash equivalents beginning of period 65,672 54,268
Cash and cash equivalents end of period $ 73,959 $ 39,004